Investment, investor

Ted Bauman’s Financial Advice To The Everyday American

Editor and creator of The Bauman Letter Ted Bauman got his newsletter started from a genuine desire to help people. Having a financial background enables him to write extensively about such matter as protecting their financial rights from big corporations and government. Previously to becoming a financial writer, Mr. Bauman worked in the non profit industry for many years.Ted Bauman learned from his many years working in the financial sector that people need help with their finances and how to protect them. He worked actually worked for international governments as a business consultant. Ted truly knows and understands the economic and political landscape and how it relates to finance.

Mr. Bauman has learned how to be more productive over the years. In his youth, Ted struggled with time management issues, but with practice and determination, he was able to correct that. Now he is a pro. Ted Bauman stays informed about what the financial landscape looks so he can properly inform his readers. Since he works from home, Ted can spend a lot more time dedicated to research and writing The Bauman Letter. He loves using his life experiences to engage readers about dry financial terms. In fact, Ted Bauman is following in his father’s footsteps as a financial writer.

Bauman excels at critical thinking, which makes him a great writer. One trend that Ted loves to hear about is how people are becoming more informed about the economy. They are not just going to give all their money to support big corporations anymore, they are becoming far more savvy. Mr. Bauman loves to help everyday people, because he can relate. In the beginning of his working life, Ted worked at big fast food restaurants, as a busboy, and at gas stations. This line of work is not easy and can be very taxing on the body and mind. Ted Bauman is very successful now, but does not forget where he came from. He understands to lift up a whole society, you have to help everyone including the people working in minimum wage jobs. That is why he is doing his part educated people on how to become financially independent.

Apps, business, CEO, Company, Investment, Technology Company

GreenSky Credit Drumming Up Some Serious Coin

GreenSky Credit started humbly enough. Founder David Zalik hails from Atlanta where he was a math genius in high school. His high school shipped them off to Auburn University at the age of 14 where he started his first company. He was building computers from scratch for Auburn University students when he decided to drop out of college. He was making too much money. He also had the idea for GreenSky Credit.

Respect For Zalik

This is where I gain a lot of respect for the founder of the financial tech company. He quite literally put everything on the line by taking out a $10 million loan using his family’s Georgia real estate as collateral. He’s also fought outside investors. He’s worked very hard to keep controlling interest of his company which is now one of the most valuable privately owned companies in the world.

Relationship With Banks

Of the major things that set GreenSky Credit apart from other financial tech companies is its relationship with conventional banks. In fact, GreenSky Credit Just signed a $50 billion lending deal with Fifth Third Bank out of Cincinnati, Ohio. Other financial tech companies like to fund loans on their own while David Zalik sees it more prudent to get loans through traditional banks. After all, traditional banks will take on all of the default risks while sharing some of the profit with the financial tech company.

GreenSky Credit maintains relationships with over 12 different banks. The company makes mountains of money being a loan middleman. Essentially, homeowners tap into the financial tech company’s app to secure home improvement loans. The financial tech company also gets some of the profit from the contractors that perform the home improvements.

Profiting Without Ownership

Herein lies the brilliance of GreenSky Credit. They don’t own an ounce of inventory. They don’t have tools, workers or trucks like contractors. They don’t own the loan which can default. They essentially profit billions of dollars by offering incredible convenience to both the bank and the homeowner. You can read more about this amazing company on Forbes, the Wall Street Journal and Wikipedia.

 

https://www.crunchbase.com/organization/greensky